Use the following information to answer this questions.

Rent prepaid - 1/01/2014 - N600
Rent paid - 31/12/2014 - N3,000
Rent prepaid - 31/12/2014 - N400.

The balance sheet as at 31st December 2014 will show

a

Current asset of N600

b

Current asset of N400

c

Current liability of N400

d

Current asset of N600

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Explanation

Correct Option
b

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